184
184
Jul 20, 2011
07/11
by
KQED
tv
eye 184
favorite 0
quote 0
>> susie: a big triple-digit rally on wall street, thanks to big profits from corporate america and a breathrough in those debt talks in washington. >> tom: then, after the closing bell, apple is top banana in the company reports staggering earnings as consumers buy a record 20 million iphones. it's "nightly business report" for tuesday, july 19. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. a banner day for blue chips. the dow surged more than 200 points, its best one-day performance this year. at the close, the dow added 202 points, the nasdaq rose 61 and the s&p 500 up 21 points. then after the bell, susie, apple did it again, posting stunning earnings. >> susie: tom, we're running out of adjectives to describe the amazing growth at apple. it earned $7.79 a share in its fiscal third quarter, crushing estimates by almost $2. revenues also came in better than expected, up 82% to $28.5 billion. and that growth comes as consumers keep snappin
>> susie: a big triple-digit rally on wall street, thanks to big profits from corporate america and a breathrough in those debt talks in washington. >> tom: then, after the closing bell, apple is top banana in the company reports staggering earnings as consumers buy a record 20 million iphones. it's "nightly business report" for tuesday, july 19. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made...
203
203
Jul 19, 2011
07/11
by
KQEH
tv
eye 203
favorite 0
quote 0
big growth in software systems and services which is the big moneymaker. the outlook looks pretty bright so what should shareholders be paying close to. >> the outlook is pretty bright. going back to your earlier question, you could tone down your enthusiasm because the top line reporting of revenues based on currency tailwind, nevertheless, 5% same currency as revenue growth for the company overall is pretty good. so it is looking ahead i think we have to see whether the strength in hardware can continue because they had new fresh batch of machines last september. and those are now about a year dated. and they will pull a lot of orders for three quarters now and that will continue and software and services get added on to that. and that continues for another year or so. that is one question in mind. >> at least i anybodially it seems like the shareholders were putting courage-- the share price looks to pop to possibly a new high after hours, certainly if did. if that continues to tomorrow it will be close to $180 per share. what is your outlook for the st
big growth in software systems and services which is the big moneymaker. the outlook looks pretty bright so what should shareholders be paying close to. >> the outlook is pretty bright. going back to your earlier question, you could tone down your enthusiasm because the top line reporting of revenues based on currency tailwind, nevertheless, 5% same currency as revenue growth for the company overall is pretty good. so it is looking ahead i think we have to see whether the strength in...
237
237
Jul 12, 2011
07/11
by
KQEH
tv
eye 237
favorite 0
quote 0
last week there was talk about a big solution, a grand bargain. now they're talking about a smaller solution. so which is it, big or small? >> it looks like it's going to be small. but here's the weird thing. remember when $2 trillion was a lot of money? they're talking about that being the small deal now. and really it's about half of what we need. we need to get a $4 trillion deal over the next decade. this will get about halfway there, enough to get us through the 2012 election. and presumably after that we would have the rest, a bigger deal after the election. that's the hope, that's the base scenario and that's what they're going for. >> susie: speaking of hope, seems like all along in this process there's been a disconnect, on the one hand the markets are saying half hope, they're going to get a deal, but the reality is there are a lot of tough decisions that have to be made and nobody is willing to make them. so is there reason enough to be optimistic? >> i did find a slight silver lining in this, you have to look really hard. first, look,
last week there was talk about a big solution, a grand bargain. now they're talking about a smaller solution. so which is it, big or small? >> it looks like it's going to be small. but here's the weird thing. remember when $2 trillion was a lot of money? they're talking about that being the small deal now. and really it's about half of what we need. we need to get a $4 trillion deal over the next decade. this will get about halfway there, enough to get us through the 2012 election. and...
126
126
Jul 6, 2011
07/11
by
KQED
tv
eye 126
favorite 0
quote 0
big volume, as you can imagine. a private equity firm will buy the blood testing products company for just under $2 billion, or $27 per share. penny below closing price. the financial sector was the biggest drag, held back by regional banks. the dallas-based comerica shed 3%. first horizon is from tennessee. it dropped almost 3%. citi cut price targets on both, citing pressure on earnings as interest rates stay low. the nasdaq was the only of the three major indices to close higher. the best nasdaq 100 stock was netflix. volume more than doubled as the stock ran up more than 8%. nice move here. this is an all-time for shares. it announced new internet streaming service in latin america and the caribbean as it continues to expand globally. some wall street worries hit shares of medical device maker medtronic. the stock fell 3% on heavy volume. last week, a medical journal raised questions about a bone growth product and today wells fargo downgraded the stock. this is the past 180 sessions. a couple of decent rallies,
big volume, as you can imagine. a private equity firm will buy the blood testing products company for just under $2 billion, or $27 per share. penny below closing price. the financial sector was the biggest drag, held back by regional banks. the dallas-based comerica shed 3%. first horizon is from tennessee. it dropped almost 3%. citi cut price targets on both, citing pressure on earnings as interest rates stay low. the nasdaq was the only of the three major indices to close higher. the best...
132
132
Jul 30, 2011
07/11
by
KQED
tv
eye 132
favorite 0
quote 0
it was a big week for initial public offerings. here's an update on what they returned to investors. the biggest, dunkin brands, debuted wednesday on the nasdaq. it's up over 52% from its $19 i.p.o. price. teavanna gained 66% this week. chef's warehouse up 18% since the i.p.o., but biopharma company horizon pharmaceutical unchanged from its i.p.o. price of $9 per share. and that's tonight's "market focus." president obama took a break from the debt ceiling drama today to announce an historic agreement on new fuel efficiency standards. the deal will double overall fuel economy to 54.5 miles per gallon by 2025. that could mean filling up your gas tank every two weeks, instead of every week. diane eastabrook looks at some new technologies that could mean an even cleaner and more fuel- efficient ride down the road. >> reporter: if you check out the fuel economy of new cars and trucks, you might wonder if auto makers will be able to increase corporate average fuel economy to nearly 55 miles per gallon by the middle of the next decade. s
it was a big week for initial public offerings. here's an update on what they returned to investors. the biggest, dunkin brands, debuted wednesday on the nasdaq. it's up over 52% from its $19 i.p.o. price. teavanna gained 66% this week. chef's warehouse up 18% since the i.p.o., but biopharma company horizon pharmaceutical unchanged from its i.p.o. price of $9 per share. and that's tonight's "market focus." president obama took a break from the debt ceiling drama today to announce an...
89
89
Jul 7, 2011
07/11
by
KQED
tv
eye 89
favorite 0
quote 0
new rules for leaders of big banks: the f.d.i.c. now can take back two years of pay from execs responsible for a large bank's failure, or negligent in that failure. critics like university of colorado finance professor sanjai bhagat say the new rules only cover salary, not the majority of a c.e.o.'s financial package, like stock and stock options. >> if most, or a good proportion, of a c.e.o.'s compensation comes from their stock and stock options, then the clawback feature might not have as much teeth as we would like. >> tom: and while there's much anticipation over the white house debt ceiling talks, the administration says it's unlikely a final deal will be reached at tomorrow's meeting. an administration spokesperson said a deal to raise the debt ceiling will likely need more sessions. still ahead, from buying a car to buying a house. tonight's "money file" on why your credit score is key to getting a good deal. >> susie: japan is talking stress tests. it's considering stress tests for its nuclear facilities to ease the public'
new rules for leaders of big banks: the f.d.i.c. now can take back two years of pay from execs responsible for a large bank's failure, or negligent in that failure. critics like university of colorado finance professor sanjai bhagat say the new rules only cover salary, not the majority of a c.e.o.'s financial package, like stock and stock options. >> if most, or a good proportion, of a c.e.o.'s compensation comes from their stock and stock options, then the clawback feature might not have...
182
182
Jul 8, 2011
07/11
by
KQEH
tv
eye 182
favorite 0
quote 0
it was big tech and big banks leading the dow industrials. cisco systems and intel each added more than 2%. j.p. morgan and bank of america added more than 1.5% each. these are your top four performers for the dow today. drug giant pfizer is moving toward focusing on its core business of prescription medicine. it is looking at options for its animal health and nutrition units. but it will keep its generic drug and consumer health businesses. pfizer shares were the most active on the big board, and the biggest loser of the dow today, falling 2.6%. news that it wasn't going to be more aggressive in selling off assets came as a disappointment. pfizer stock is up almost 40% over the past year. the materials sector was also a leader. miner freeport mcmoran jumped almost 4%, pushing up to its april high. volume was heavier than usual. union leaders at one of freeport's indonesian mines says production has stopped as thousands of workers continue on strike. that comes on top of bad weather hitting copper production in chile, fueling the stock buying
it was big tech and big banks leading the dow industrials. cisco systems and intel each added more than 2%. j.p. morgan and bank of america added more than 1.5% each. these are your top four performers for the dow today. drug giant pfizer is moving toward focusing on its core business of prescription medicine. it is looking at options for its animal health and nutrition units. but it will keep its generic drug and consumer health businesses. pfizer shares were the most active on the big board,...
120
120
Jul 15, 2011
07/11
by
KQED
tv
eye 120
favorite 0
quote 0
>> tom: corporate earnings season heats up with big numbers from google and a healthy quarter from j.p. morgan. it's "nightly business report" for thursday, july 14. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. almost $7 billion in sales equals another blockbuster quarter for google, a blowout beginning to earnings for technology companies. susie, internet search and search advertising continue driving the big profits at the web giant. >> susie: tom, google's earnings surged almost 40% and google stock soared as well, up over $60 or 12% after the closing bell. google earned $8.74 a share in the second quarter, about $1 more than analyst estimates. google continued its hiring blitz, adding 2,400 employees during the quarter. paid clicks, or the number of times internet users clicked on the company's ads, rose 18%, in line with estimates. >> tom: mornings
>> tom: corporate earnings season heats up with big numbers from google and a healthy quarter from j.p. morgan. it's "nightly business report" for thursday, july 14. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. almost $7...
182
182
Jul 16, 2011
07/11
by
KQED
tv
eye 182
favorite 0
quote 0
finally, three smaller stocks seeing big pops in volume and big drops in price. boutique investment bank shed 12%. three managing directors have left this summer raising market worries. analytical software firm qlik dropped 10% after an analyst downgrade. and seattle genetics fell 7%. a government panel okayed its cancer drug, but with a stricter label. worries are that could limit sales. and that's tonight's "market focus." >> susie: back now to our top story, the debt talks! as those talks continue, some popular farm programs may be killed. cuts to agriculture spending have been talked about for months in congress. now the fate of a key piece of legislation could change life as american farmers know it. anna olson explains. >> reporter: life on a farm can be unpredictable, but there's one thing corn growers know for certain. they'll wake up before the sun rises, and work hard through the growing season. farmers also know they can count on uncle sam for subsidies when times get tough. at least, for now. >> we are trying to provide a reasonable, reliable, safe an
finally, three smaller stocks seeing big pops in volume and big drops in price. boutique investment bank shed 12%. three managing directors have left this summer raising market worries. analytical software firm qlik dropped 10% after an analyst downgrade. and seattle genetics fell 7%. a government panel okayed its cancer drug, but with a stricter label. worries are that could limit sales. and that's tonight's "market focus." >> susie: back now to our top story, the debt talks!...
166
166
Jul 8, 2011
07/11
by
WETA
tv
eye 166
favorite 0
quote 0
boehner says he hopes congress does something big to help the economy. >> we have three really big problems. we have a spending problem, we have a debt problem, and we have a jobs problem. that's why i believe it's important for us to fundamentally fix our spending problem and our debt problem, and help get our economy moving again. >> susie: meanwhile, president obama is calling on congress to raise the nation's debt limit removing a big worry for american businesses. this morning darren gersh spoke with white house economic advisor austan goolsbee about jobs and those budget talks this sunday. the interview began with a simple question on jobs. what happened? >> well, look, this is a continuation of what we've known, and that we saw last month, that the growth rate of the economy slowed down in the first part of this year because of these headwinds, and so previous to the last two months we had added 2.1 or 2.2 million jobs in the private sector. that slows down if the growth rate isn't fast enough, and that's why we -- i view this number as a call to action. we should take all bipartisan
boehner says he hopes congress does something big to help the economy. >> we have three really big problems. we have a spending problem, we have a debt problem, and we have a jobs problem. that's why i believe it's important for us to fundamentally fix our spending problem and our debt problem, and help get our economy moving again. >> susie: meanwhile, president obama is calling on congress to raise the nation's debt limit removing a big worry for american businesses. this morning...
261
261
Jul 1, 2011
07/11
by
WMPT
tv
eye 261
favorite 0
quote 0
. >> susie: detroit's big three automakers registered double digit sales gain in june, but japan's top two carmakers are still struggling. sales popped 10% at the nation's biggest auto maker general motors. ford sales rose 13%, but chrysler was the big winner: up 30% thanks to a batch of new models, including the newly redesigned dodge durango and the fiat 500. toyota and honda both post sales declines of more than 20%. korean automakers gained ground: hyundai up 16%. kia 41%. cars.com senior editor joe wiesenfelder says their small cars are in demand. >> yes, i do believe that hyundai and kia are taking advantage of some of the shortages in supply from honda and toyota. people that might have considered japanese might be willing to look at a korean manufacturer. generally speaking though, i think that hyundai and kia are doing well because they've been doing great work recently. they just keep adding more and more strong products. >> susie: while small, fuel efficient cars were top sellers last month, the recent drop in gas prices helped fuel an increase in truck and s.u.v. sales acro
. >> susie: detroit's big three automakers registered double digit sales gain in june, but japan's top two carmakers are still struggling. sales popped 10% at the nation's biggest auto maker general motors. ford sales rose 13%, but chrysler was the big winner: up 30% thanks to a batch of new models, including the newly redesigned dodge durango and the fiat 500. toyota and honda both post sales declines of more than 20%. korean automakers gained ground: hyundai up 16%. kia 41%. cars.com...
151
151
Jul 22, 2011
07/11
by
KQED
tv
eye 151
favorite 0
quote 0
a big deal in pharmacy benefits management. express scripts will buy medco health for just over $29 billion in cash and stock. medco shareholders will get just over $71 per share. medco was one of the most actively traded issues today, up 14%. it closed shy of the buyout price, perhaps reflecting some concern about getting the necessary regulatory approval. still, the deal got an endorsement with the buyer's stock price moving higher. express scripts added 5%. five years ago, express scripts tried unsuccessfully to buy caremark. instead, drug store cvs bought it, creating cvs caremark. its shares were up 2%, while competitor walgreen dropped 5%, dropping below $40 for the first time since march. and that's tonight's "market focus." >> tom: from swimming pools to ice cream shops, a huge section of the united states continues looking for ways to beat the record heat. between tomorrow and sunday, about two out of every three americans will be dealing with heat indices in the triple digits. millions of air conditioners have increas
a big deal in pharmacy benefits management. express scripts will buy medco health for just over $29 billion in cash and stock. medco shareholders will get just over $71 per share. medco was one of the most actively traded issues today, up 14%. it closed shy of the buyout price, perhaps reflecting some concern about getting the necessary regulatory approval. still, the deal got an endorsement with the buyer's stock price moving higher. express scripts added 5%. five years ago, express scripts...
322
322
Jul 13, 2011
07/11
by
KQEH
tv
eye 322
favorite 0
quote 0
earnings were better than anticipated despite a big jump in fuel and metal prices. it was the worst-performing stock in the weakest sector today, slipping more than 4%, coming off an all-time earlier this month. volume was pretty decent. and that's tonight's "market focus." >> susie: wall street is gearing up for a barrage of earnings reports next week, mostly from big banks. earnings season brings with it both landmines and opportunities for investors. erika miller explains why investors need to pay attention to these quarterly reports from corporate america and what they should look for. >> reporter: walk into a t.d. ameritrade branch and you'll find plenty of people checking their stocks and researching investments. yet almost none of them had any idea the second quarter reporting period is now underway. are you aware it's the start of earnings season? >> no, i was not. >> reporter: would that affect your investment strategy at all? >> obviously not. ( laughs ) >> reporter: do you pay any attention to earnings season? >> absolutely not. >> reporter: but stephen w
earnings were better than anticipated despite a big jump in fuel and metal prices. it was the worst-performing stock in the weakest sector today, slipping more than 4%, coming off an all-time earlier this month. volume was pretty decent. and that's tonight's "market focus." >> susie: wall street is gearing up for a barrage of earnings reports next week, mostly from big banks. earnings season brings with it both landmines and opportunities for investors. erika miller explains why...
219
219
Jul 23, 2011
07/11
by
KQED
tv
eye 219
favorite 0
quote 0
of the big three stock indices today. phone giant verizon was among those dragging on the dow. shares fell more than 2%. volume doubled on the drop as the stock is at its lowest price of the month. second quarter earnings were two cents per share better than anticipated. but its iphone business hasn't shown the explosive subscription growth. verizon wireless sign up just two-thirds of the iphone subscribers at a.t.&t. did during the past quarter. separately, lowell mcadams was officially named the new c.e.o., beginning august first. while telecom was one of the weakest sectors, technology was the strongest thanks to semiconductor maker advanced micro devices. earnings came in a penny ahead of estimates, not a huge surprise. but it was a strong third quarter outlook that shot the stock higher. take a look. a.m.d. was the second most actively traded nasdaq stock. volume quadrupled as shares jumped almost 20%. still, they have some ground to gain over worries about a.m.d.'s focus on net-book computers and lower end lap-tops
of the big three stock indices today. phone giant verizon was among those dragging on the dow. shares fell more than 2%. volume doubled on the drop as the stock is at its lowest price of the month. second quarter earnings were two cents per share better than anticipated. but its iphone business hasn't shown the explosive subscription growth. verizon wireless sign up just two-thirds of the iphone subscribers at a.t.&t. did during the past quarter. separately, lowell mcadams was officially...
224
224
Jul 21, 2011
07/11
by
KQED
tv
eye 224
favorite 0
quote 0
shares jumped more than 24% on big volume but settled below the purchase price. part of that difference can be explained by the drop in the stock of the buyer. since it is offering either cash or stock, a drop in its price can impact the buyout price. shares fell 7%. two others. e-trade stock shot up almost 14%. its largest shareholder is pushing the company to explore its options. and after the close, staffing firm s.f.n. announced it will be bought by a dutch company for $14. the stock jumped above that price after the close, anticipating a better offer. and that's tonight's "market focus." >> susie: it's a bittersweet day for the u.s. space program. 42 years ago, nasa and the entire country celebrated the first apollo moon landing. but tomorrow, we'll see the final chapter of the space shuttle's 30-year program when "atlantis" makes its final landing. the shuttle program's total investment? $200 billion. did the u.s. get its money's worth? joining us now, scott hubbard, professor of aeronautics at stanford university, and michael mandel, chief economic strateg
shares jumped more than 24% on big volume but settled below the purchase price. part of that difference can be explained by the drop in the stock of the buyer. since it is offering either cash or stock, a drop in its price can impact the buyout price. shares fell 7%. two others. e-trade stock shot up almost 14%. its largest shareholder is pushing the company to explore its options. and after the close, staffing firm s.f.n. announced it will be bought by a dutch company for $14. the stock jumped...
196
196
Jul 28, 2011
07/11
by
KQED
tv
eye 196
favorite 0
quote 0
and the apple ipad of they're going to take a big bite out of apple. and that is important, simply because amazon is selling a lot of peed yeah online, and what they can do is tie it right into the tablet for downloading purpose. but the other thing with amazon is that even though profit obviously were down 8%, the revenue was up 51%. now, profits were down because amazon keeps investing in the cloud. they provide cloud services, hosting services to clients. and this is a growing area of revenue. the other important point with amazon are these -- all over the world, for example in china they are building another two to add to the nine, these are 35 kilometers away from shanghai and -- >> susie: i'm sorry to jump in, we're running shore on time here. it sounds fascinating and we also ran short that we can't even give you some of the viewer questions that you had a lot of them. but we'll hopefully talk to you next wednesday on those. but thanks so much. any disclosures on these two stocks? >> yes. i do not own either of them. amazon or google. >> susie:
and the apple ipad of they're going to take a big bite out of apple. and that is important, simply because amazon is selling a lot of peed yeah online, and what they can do is tie it right into the tablet for downloading purpose. but the other thing with amazon is that even though profit obviously were down 8%, the revenue was up 51%. now, profits were down because amazon keeps investing in the cloud. they provide cloud services, hosting services to clients. and this is a growing area of...
415
415
Jul 4, 2011
07/11
by
WETA
tv
eye 415
favorite 0
quote 0
. >> susie: there is this perception that women do not make strong leaders in big companies. you know, and there's this glass ceiling. why do you think that is? >> certainly there were barriers along the way. and certainly, i mean, having three kids, you know, i could've chosen a different route. but i love what i do. and i love the company. i found great acceptance by, you know, the... the men that preceded me, and... and i've... i just think that you have to have, if it's your passion, you know, then you've got a shot at it. >> susie: ilene lang, head of a group that monitors the status of women in business says that's not the way it usually works. that's why women head only a dozen fortune 500 companies. >> i say to people, close your eyes, and picture a business leader. and most people picture a man. they don't picture a woman. so it is hard for a woman to break into that top leadership when people expect that she's not good at it, even when performance proves that-- to be different. >> susie: and, lang says, women are more often directed away from the executive suite. >>
. >> susie: there is this perception that women do not make strong leaders in big companies. you know, and there's this glass ceiling. why do you think that is? >> certainly there were barriers along the way. and certainly, i mean, having three kids, you know, i could've chosen a different route. but i love what i do. and i love the company. i found great acceptance by, you know, the... the men that preceded me, and... and i've... i just think that you have to have, if it's your...
183
183
Jul 27, 2011
07/11
by
KQEH
tv
eye 183
favorite 0
quote 0
finally, last night's big disappointment was net-flix, with a disappointing outlook. shares fell more than 5%. technical analyst michael kahn puts this on his chart on our website, n.b.r. on pbs.org. and that's tonight's "market focus." >> tom: another day without a debt deal and another record high for the yellow metal. that brings us to tonight's "word on the street," "gold." alix steele is a reporter at thestreet.com. it's always nice to see you. $1600 and counting, a record high for at least two sessions in row. how do you describe this recent rally in gold? is there much volume behind it? >> well no, it's the summer season so there's light volume. this is real a save haven play. it's a great barometer suggesting how scared investors really are over the possibility of the u.s. default come august 2nd. >> tom: with that in mind, how scared are they? are they concerned or terrified. >> concerned not terrified. the reason i say that we are seeing record highs like you said. if we were facing the worse crises the u.s. ever seen we could see gold at 27 1700, 18002000 w
finally, last night's big disappointment was net-flix, with a disappointing outlook. shares fell more than 5%. technical analyst michael kahn puts this on his chart on our website, n.b.r. on pbs.org. and that's tonight's "market focus." >> tom: another day without a debt deal and another record high for the yellow metal. that brings us to tonight's "word on the street," "gold." alix steele is a reporter at thestreet.com. it's always nice to see you. $1600 and...
251
251
Jul 26, 2011
07/11
by
KQEH
tv
eye 251
favorite 0
quote 0
cbs is a big winner, 23%. there's more going on than n.f.l. advertising. the ad rates are pretty good. >> ad rates up 20% and they're all sold out. everybody is ready for football. the pent up is enhancing the ad sales and people watching television. >> tom: no shot patch when it comes to football. the owner of the new england patriots robert kraft took the lead on this. had to this to say about the other big negotiations going on in washington. take a listen. >> i hope we gave a little lesson to the people in washington because the debt crises is a lot easier to fix than this deal was autopsy tom more complicated business than the u.s. debt ceiling. they understand what real debt is. let's start football now. are you listening mr. boehner and president obama. we are list ink, it is rick harrow with harrow sports. thank you, sir. >> susie: in china, ambitious plans to expand its high-speed rail system are being scrutinized after a deadly wreck over the weekend. one train fell off a bridge after being derailed. 39 people were killed and almost 200 others in
cbs is a big winner, 23%. there's more going on than n.f.l. advertising. the ad rates are pretty good. >> ad rates up 20% and they're all sold out. everybody is ready for football. the pent up is enhancing the ad sales and people watching television. >> tom: no shot patch when it comes to football. the owner of the new england patriots robert kraft took the lead on this. had to this to say about the other big negotiations going on in washington. take a listen. >> i hope we...